If an investment has a positive net present value, the
a. internal rate of return is higher than the discount rate.
b. discount rate is higher than the hurdle rate of return.
c. internal rate of return is lower than the discount rate of return.
d. hurdle rate of return is higher than the discount rate.
A
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Which fundamental characteristic is an ingredient of faithful representation?
A) predictive value B) confirmatory value C) timeliness D) neutrality
Partners Dennis and Lilly have decided to liquidate their business. The following information is available: Cash$100,000 Accounts payable$100,000 Inventory 200,000 Dennis, Capital 120,000 Lilly, Capital 80,000 $300,000 $300,000 Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.Refer to the information provided above. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of
the second month? A. $27,000 B. $36,000 C. $60,000 D. $18,000
What is the primary argument raised by traditional critics of the critical legal studies school?
A) Critical legal theorists have constructed an essentially negative position without developing concrete strategies to bring about improvements. B) Critical legal theorists tend to base their pronouncements on female-dominated scholarship. C) Critical legal theorists pay too much attention to law without considering the effects of morality. D) Critical legal theorists tend to downplay the interaction between statutory and common law.
Memos can be used for the purposes of requesting, informing, and reporting, but they cannot be used for the purpose of reminding
Indicate whether the statement is true or false